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Longacre ’ s Ledger

The Journal of the Flying Eagle and Indian Cent Collector’s Society
Vol. 12.3; Issue #53 WWW.FLYINCLUB.ORG September 2002

Contents

Featured Articles

The 1864 No L with lathe Lines

By Rick Snow 8

The Showdown!

By Rick Snow 10

An 1894 indian Cent with a triple error!

By Ken Hill 16

The thrill of the find

By Stephen Witkowski 18

The 1863 Reeded Edge Proof, J-300

By Rick Snow 20

Examination of an 1859 Indian Cent

By Chris Pilliod.. 21

Presidents letter 5

Advertising rates 25

Columns

Whatizit anyway?

By Chris Pilliod 7

Something New

By Rick Snow 22

Submission guidelines Submission deadlines

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questions.

Please submit all articles, letters, columns, press releases,
advertisements no later than the following dates to assure
inclusion.

Issue Deadline Issue date

#54 2002 Vol. 12.4 .... November 15, 2002 December 2002
#55 2003 Vol. 13.1 .... February 15, 2003 . March 2003

#56 2003 Vol. 13.2 .... May 15, 2003 June 2003

#57 2002 Vol. 133 .... August 15, 2003 .... September 2003

Editor

Rick Snow
P.O. Box 65645
Tucson, AZ 85728
(800) 323-2646
www.indiancent.com
rick@indiancent.com

Longacre’s Ledger

Presidents Letter
Chris Pilliod

This is my 11th letter as president. Well, our
summer vacation in Michigan convinced me of my
boy’s passion for fishing. So I decided rather than to let
all the nightcrawlers go I woul d see if they could make
the trip through the hot summer heat from Michigan
back home to Reading, Pennsylvania. With the help of a
nice crawler crib and some ice cubes they did just fine,
and they have helped land a few bluegill out of Blue
Marsh Lake near our home. It’s a gorgeous man-made
lake but the fishing sure isn’t as good as Michigan. We
did see the largest snapping turtle of our lives however.

In late July I took a sweltering day off to drive
my Ford Ranger to Virginia to pack all the back-issues
of the Ledgers that John Smith had taken care of as
secretary. His wife and son were there to help wedge
all the boxes in the back and after a nice glass of ice
water I headed off to Baltimore to drop them off at
Sheldon Freed’s residence. On the way there I made a
stop in Chancellors ville,VA to visit a Civil War battle-
ground and stood on the spot where Stonewall Jackson
was shot. I believe his words were “You’ve shot the
wrong man!”.

The following week was the ANA Show in
New York City. This year’s ANA was really a long
affair as the pre-ANA and ANA spanned nine days,
with auctions seemingly going on all the time. Being just
130 miles away I actually made two trips of it and was
able go back to work in the middle of the week. Al-
though a stretch, I was able to purchase two nice error
coins at auction for my collection but other than that
strong prices realized precluded any other significant
additions to my collection. It seemed like I met three or
four collectors claiming to be the underbidder on the
1933 St. Gauden’s $20 Gold piece... must have^een the
joke of the week.

The Show and auctions were scattered over
several different floors and being in mid-town Manhat-
tan everything was congested and “hustle-bustle” and
not as smoothly organized as other ANA’s-I doubt they
will return there. Besides a pastrami sandwich and a
small Coke was $13. Ten people attended the Fly-In
Club meeting on Friday, August 2nd at the Marriott
Marquis Convention Center. In Vera Sebby’s absence I
updated the gathering on Club news. We currently
have 371 members amongst our ranks. Last year’s

renewal rate was very high
(perhaps the highest of all time)
and in addition this year through
August we have taken in nearly
50 new members, which is about a normal 12-month
period. We will keep the membership dues the same for
2003, $20 for one year and $35 for two years. We
decided to declare certain numismatic organizations pro
bono recipients of the Ledger, including the ANA, Coin
World, and Numismatic News. Interested parties will
now be able to receive a complimentary back issue as a
trial when contacting Sheldon Freed. The Best Article
Award for 2001 and 2002 will be presented at next
year’s ANA in Baltimore. The winner for each year
will receive $100.

Although no formal presentation was made, a
group discussion on Indian cent counterfeits was held.
Many examples were passed around with at least two
very deceiving pieces. In fact one high-grade 1869
example had many perplexed and no consensus was
reached. I have performed some metallurgical analysis
on the piece and hopefully an article will be forthcom-
ing.

The market for choice pieces of Indian cents
and Flying Eagles as well as all denominations is very
strong right now.

Club articles. If you need photography for an
article you are working on, please contact Ken Hill. He
has volunteered to do photography as long as they will
be used for an article in the Ledger. He may be
reached at:

Ken Hill

RO. Box 18943

Seattle, WA 98118-0943

The club will pick up the costs other than your postal
fees to get the coins to Ken. Ken is an original member
who is retired in Seattle and has perfected his skills as a
photographer. His prints are professional quality, as
good if not better than the major auction houses.

If you would like to share any thoughts, my e-mail
address is: pilliod@enter.net

The Flying Eagle and Indian Cent Collectors Society

Announcments

Joseph R Gorrell
Collection to be sold at RU.N.

The most outstanding collection of Flying Eagle and
Indian cents to ever cross the auction block will be sold by
Heritage at the F.U.N. Show, January 9, 2003.

The collection boasts many superlatives including:

Finest and pop. 1 for type!

Hying Eagle - 1 858 LL MS67 PCGS

CN Indian - 1 86 1 MS68 PCGS

Bronze Indian Cent - 1 899 MS68RD PCGS

Finest and pop. 1 for date.

1 856 S-3MS66 PCGS

(the other in the population is an S -5)

1861 PR66 PCGS
1 883 PR67RD PCGS
1 886 Type 2 PR66RD PCGS

Tied for finest graded for date.

1 857 PR65 PCGS

1 858 LLPR65 PCGS
1 858 SLPR65 PCGS

1 8 64 With L MS66RD PCGS

1 865 MS66RD PCGS
1 877 MS66RD PCGS

1 888 PR66RD PCGS

1 889 PR66RD PCGS
1 898 PR67RD PCGS
1903 PR67RD PCGS

The collection includes the very rare 1864 With L proof in
PR64RB PCGS. In addition to the MS 66 Snow-3 1 856 Hying
Eagle, the Gorrell collection contains a PR65 Snow-5, believed
to be the original proof striking and the “common” Snow-9,
also in PR65 PCGS. A doubled LIBERTY graded MS64BN is
also found in the collection.

As one of the main suppliers of coins to the collection,
Rick Snow, owner of Eagle Eye Rare Coins was enlisted to
help write the catalog for Heritage.

Mr. Gorrell is a member of the Fly-In Club. Below is list of
the coins.

The Gorrell Collection - Flying Eagle Cents

2013

1856 Snow-3

MS 66

PCGS

2016

1857

MS65

PCGS

2019

1858

MS67

PCGS

2019

1858

MS65

PCGS

2022

1858/7 Snow-1

MS64

PCGS

2022

1858/7 Snow-1

MS63

PCGS

2037

1856 Snow-5

PR65

PCGS

2037

1856 Snow-9

PR65

PCGS

2040

1857

PR65

PCGS

2042

1858 Large Letter PR65

PCGS

2043

1858 Small Letter

PR65

PCGS

The Gorrell collection - MS Indian Cents

2052

1859

MS65

PCGS

2058

1860 Pointed Bust

MS65

PCGS

2058

1860

MS66

PCGS

2061

1861

MS68

PCGS

2064

1862

MS66

PCGS

2067

1863

MS65

PCGS

2070

1864

MS66

PCGS

2078

1864

NoL

MS66RD

PCGS

2081

1864

With L

MS66RD

PCGS

2084

1865

MS65RD

NGC

2084

1865

MS66RD

PCGS

2087

1866

MS65RD

NGC

2090

1867

MS65RD

PCGS

2093

1868

MS65RD

NGC

2096

1869

MS65RD

PCGS

2099

1870

MS66RD

PCGS

2102

1871

MS65RD

PCGS

2105

1872

MS65RD

PCGS

2108

1873

Open 3

MS65RD

PCGS

21 1 1

1873

Closed 3

MS66RD

PCGS

2115

1873

Double LIB

MS64BN

NGC

2120

1874

MS65RD

NGC

2123

1875

MS65RD

PCGS

2126

1876

MS65RD

NGC

2129

1877

MS66RD

PCGS

2132

1878

MS65RD

NGC

2135

1879

MS65RD

PCGS

2138

1880

MS66RD

PCGS

2141

1881

MS65RD

PCGS

2144

1882

MS65RD

PCGS

2147

1883

MS65RD

PCGS

2150

1884

MS65RD

PCGS

2153

1885

MS65RD

PCGS

2156

1886

Type 1

MS65RD

PCGS

2156

1886

Type 2

MS65RD

NGC

2159

1887

MS65RD

NGC

2168

1888

MS65RD

PCGS

2174

1889

MS65RD

NGC

2177

1890

MS65RD

PCGS

2180

1891

MS65RD

PCGS

2183

1892

MS65RD

PCGS

2186

1893

MS65RD

PCGS

2189

1894

MS65RD

PCGS

2192

1895

MS65RD

PCGS

2195

1896

MS65RD

PCGS

2198

1897

MS65RD

PCGS

2201

1898

MS66RD

PCGS

2204

1899

MS68RD

PCGS

2207

1900

MS66RD

PCGS

2210

1901

MS65RD

PCGS

2213

1902

MS66RD

NGC

2216

1903

MS66RD

NGC

2219

1904

MS65RD

PCGS

2222

1905

MS66RD

NGC

2225

1906

MS65RD

PCGS

2228

1907

MS65RD

PCGS

2231

1908

MS65RD

PCGS

2234

1908-S

MS65RD

PCGS

2237

1909

MS65RD

PCGS

2240

1909-S

MS65RD

PCGS

Longacre’s Ledger

The Gorrell Collection - Proof Indian Cents

Larry Steve collection on display at F.U. N.

2247

1859

PR66

2253

1860

PR65

FOGS

The best of the incomparable Larry R. Steve collection

2256

1861

PR66

FOGS

will be on display at the F.U.N. show in Orlando, FL January 9

2256

1861

PR65

- 1 2 2003 at the Eagle Eye Rare Coins table.

2259

1862

PR66

FOGS

Larry Steve is cofounder of the Fly-In Club and has

2262

1863

PR66

FOGS

amassed a broad collection of 700+ varieties in the highest

2265

1864 CN

PR66

FOGS

condition possible. Larry’s set contains a nearly complete

2278

1864 NoL

PR65RD

TOGS

collection of 1857 Flying Eagles (Snow-1 through S-16)

2280

1864 WithL

FR64RB

FOGS

including the finest known $20 clashed die, finest known 250

2284

1865

PR65RD

TOGS

clashed die and quite possibly the finest 500 clashed die.

2287

1866

PR65RD

PCGS

The 1 859 varieties are complete with many finest knowns.

2290

1867

PR65RD

FOGS

The 1 860 through 1864 CN dates include all the major variet-

2293

1868

PR65RD

TOGS

ies, many are finest known. The 1864 With Us are essentially

2296

1869

PR65RD

FOGS

complete in MS grades, many are finest known and are plate

2299

1870

PR65RD

FOGS

coins in the various references.

2302

1871

PR65RD

FOGS

The 1865’s are impressive. Larry’s 1 865 DDR is the only

"305

1872

PR65RD

TOGS

red example known. The collection boasts 13 different

2308

1873

PR66RD

FCGS

varieties in MS grades for 1866 alone! The dates 1 867 to 1876

2311

1874

PR65RD

PCGS

are well represented in high grades with numerous interesting

2314

1875

PR65RD

pieces.

2317

1876

PR65RD

PCGS

The later dates have been bought with an eye for quality,

2320

1877

PR66RD

die state and availability. Many of the top varieties in MS

2323

1878

PR65RD

TOGS

grades are represented.

2326

1879

FR65RD

PCGS

The Indian Cent variety market is in its infancy. No one

2329

1880

PR65RD

PCGS

has assembled a complete collection in any grade. Larry’s set

2332

1881

PR66RD

FOGS

is an attempt to do so in high grade. A task greater than the

2335

1882

PR65RD

PCGS

assembling of any of the sets at the recent PCGS showdown

2338

1883

PR67RD

PCGS

at Long Beach, or in any of the recent or pending auctions.

2341

1884

PR65RD

PCGS

Larry plans on showing about 100 of the best coins at the

2344

1885

PR65RD

PCGS

show.

2347

1886 Type 1

PR66RD

TOGS

92347

1886 Type 2

PR66RD

PCGS

2349

1887

PR65RB

PCGS

2350

1887

PR65RD

PCGS

2353

1888

PR66RD

FOGS

2356

1889

PR66RD

PCGS

2359

1890

PR65RD

PCGS

Jr*' v - jp

2362

1891

PR65RD

FOGS

2365

1892

PR65RD

PCGS

2368

1893

PR65RD

TOGS

2371

1894

PR65RD

TOGS

tjjf ^

2374

1895

PR66RD

TOGS v

tj0m fLacrr.- J .. /, .<* *v y n ^ T “fit ■

2377

1896

PR65RD

PCGS

2380

1897

PR66RD

PCGS

H ^ ||j| j -v Cm |

2383

1898

PR67RD

TOGS

2386

1899

PR66RD

TOGS

2388

1900

PR65RB

FOGS

2392

1901

PR66RD

FOGS

2395

1902

PR66RD

PCGS

2398

1903

PR67RD

PCGS

WgSr

2401

1904

PR65RD

PCGS

2404

1905

PR66RD

TOGS

lir

2407

1906

PR65RD

FOGS

2410

1907

PR66RD

PCGS

Paul Houck courtesy Expos Uni limit'd

1900 MS-67RD PCGS

2413

2416

1908

1909

PR65RD

PCGS

FOGS

from the Stewart Blay Collection

The Flying Eagle and Indian Cent Collectors Society

The 1864 No L with Lathe Lines

The answer to Whatizzit, Anyway? # 3

By Rick Snow

The winner of the “Whatizit” #3 is„.. Duh-ta-duh;

Joe Gorrell

Joe answered first and correctly that the coin is dated
1864. The coin is a 1864 No L with concentric die lines and by
popular request will be given a listing in the attribution guide.
It will be listed as 1 864 No L S- 11 . The die diagnostics can be
found under “Something New”, Page 23.

The coin was first published in Dave Bowers’
“Enthusiast’s Guide to Flying Eagle and Indian Cents”, pages
64-66, under a discussion regarding die production. The point
under discussion was at what point the LIBERTY was added
to the headband. A letter from Larry Steve stated that he
believes that the LIBERTY was present of the original model
because its placement did not change throughout the series.
Dave Bowers concurred on Larry’s thoughts.

Reknowned researcher, Craig Sholley, furnished a
specimen of the 1 864 No L with lathe lines and weighed into
the discussion in the Bowers book. He said that the lathe
lines on this coin prove that the LIBERTY was not punched
into the master die. The fine lines on his specimen showed
that in addition to the bold lines within the letters of the
LIBERTY, there could be seen fine lines on top of the letters,
specifically the lower right serif of the I and the upper left
serif of the E. Dave wrote that to his eyes a better specimen
should be presented to see the minute lines that Mr, Sholley
was describing.

The example pictured here is that better specimen. On
this example you can also see the lines on top of the B as
well.

Personally, I don’t see how just one die which shows
these lines could possibly answer a question regarding the
master die - the mother die from which all the hubs are raised.

What is this variety? This question would, I hope would
be answered by someone in the membership. So here are
some of the responses: k

Mark Baumgart, Ken Kiehn and Tim Larson thought that
these raised arcs are from the portrait lathe used to create the
master hub as stated in the Bowers book by Craig Sholley.

Tim Glovola and Quent Hansen thought that it was answer 2:
The die was made from a direct transfer from the model.

Dallas Hall thought that the answer was M: The die was
polished too roughly.

Larry Terneus and Jim Lee thought that the answer was #3:
die scoring from being turned improperly.

No one thought the answer was #1, this is a tough crowd to
fool.

Fiv-ln Club image Library

1864 No L Sll Lathe lines in L1BE.

Fly-In Club image Library

1864 No L Sll Lathe lines on portrait.

Steve Salembene wrote: “If l am not mistaken, this is an 1864
cent with Lathe lines taken from the Larry Steve collection.
These lines remain from the lathe cutting of die steel
remaining after the hubhing process. Any coins showing this
would be a very early die state . I’ve seen this on 1864, 1865
Skullcap variety (in pictures only) and 1866 S-L Are there
any others? If a die marker is unique to a specific die , then it
is a die variety. Eventually, we will have to attribute eveiy
die. If the 1865 qualifies as a variety, then the 64 does also. ”

ps Lariy and I have explored this subject at length .

Longacre’s Ledger

1864 No L Sll Obverse Lathe Lines.

Robert Brown wrote:

“Regarding the circular lines on the 1864 bronze cent ,

I offer the following:

The cause , without doubt , is the work of the same aliens
that create the crop-circles in Great Britain!

Seriously, here are some questions and thoughts. Also, I
have never examined the variety (yes, I think it should be
considered a variety) in person .

Are the lines overlapping circles , concentric circles , or
spiral? Are the lines raked or tapered, flat, same height and
width? Are they only on the portrait? [Concentric, tapered
and only on the portrait, ed.]

If they are artifacts from the transfer-process from the
model, are they from raised lines on a hub or incuse lines on
a die? 1 understand the reduction lathe could be used to
trace the model either way [Transfer to a hub is unlikely, ed.]

Could there be any connection with the change from
copper-nickel to bronze for this year? [These exist on other
dates, 1865 and on other series, ed.]

Has this die been identified in a later state without the
lines? [Late die states shows the lines much more mushy, ed.]

Here's a theory :

It seems to me that if these lines were on a master-hub/
die this variety would be quite common unless the lines
would disappear after only one or two transfers. Assuming
they would not disappear after a transfer or two I propose
this:

A working-die wasn't hubbed properly . Rather than re-
hubbing (perhaps as an experiment), the die was annealed
and then placed in the portrait-lathe to bring out the
missing detail in the portrait. Since it was a working-die
and was to be returned to the coining-press, used to stamp

coins only, it wasn't finished with the same attention to
detail as a master-hub or master-die, thus leaving the lines.

Maybe the scenario was similar, but as it would apply
to a working-hub instead of a working-die as mentioned
above.

Or, perhaps what I have proposed is not possible at all
in either scenario . It's all I can come up with based on my
limited knowledge at present I will continue to think about
this and if I have any more thoughts or questions I will pass
them along for what it's worth. >s

This well thought out response really boils the ques-
tions down. It seems plausible that the scoring was done to
the die and was probably not transferred from a hub which
would have had to have been either engraved on the transfer
lathe or transferred from a master die with the lines, which
Robert Brown correctly reasoned was unlikely. A hub would
have these lines raised like the finished coin. These lines
could have been easily polished down off the hub if it was
deemed necessary.

There are no areas where the groves show filling in as
would probably happen if the blank die or a partially hubbed
die had scoring from being turned improperly.

Many of the dies for the No L bronze pieces are leftover
from the CN production. Early die state No L’s are very
scarce. This could have been a partially hubbed die or a die
which was unsound in some other way. It may have been
expedient to re-engrave the design into this working die to
bring out the design. Any lines into the die would be very
difficult to smooth out, so they were left in.

What do you think? I would like to have someone in the
club work up a detailed article about this coin.

The Flying Eagle and Indian Cent Collectors Society

The Showdown!
By Rick Snow

The Registry

Who has the finest set of Indian Cents? I know of five
collectors who could claim that theirs is the finest set intact
today. The thing is, only one set can actually be The Finest
In the past few years PCGS and NGC have added set regis-
tries to their web sites. Now the claim of the finest set is listed
with mathamatical precision. Collector’s willing to post their
sets vie for top honors and are ranked by the average grade
of the coins in their sets.

Currently, the PCGS site lists the top five sets of all time
and the currently listed sets. These are listed below. Suffice
to say that many of the collections that I would have named
as the finest five sets are not listed here.

One of the collectors with one of the top collections, Fly-
In Club member Stewart Blay challenged the registry as being
too mathematical to determine the finest set. Coins are works
of art and comparing top collections by averaging numerical
grade would be like ranking top art museums by the quantity
of high priced pictures they own, not on the quality of their
selection process. By averaging the grades and ranking the
averages, a MS66RD 1909 Indian Cent has the same impact
on the average as a MS66RD 1877 would. This has already
created an imbalance in demand for high grades over rare
dates. We are seeing unbelievable prices at auction for high
grade common coins in all modem issue series.

The small project begun by PCGS has become a market
mover.

All Time finest, Circulation Strikes

Collection

Grade Points

% Complete

%RD

Set Rating

1 Dr. Alan L. Epstein Collection

66.29

100%

66.29

2 Stewart Blay Collection

66.07

100%

66.07

3 The Ally Collection of Indian Cents

65.58

100%

65.58

4 John Kamauff Set assembled by Angel Dee’s

65.31

100%

65.31

5 Richard

65.27

100%

6521

Current Finest, Circulation strikes

Collection

Grade Points

% Complete

%RD

Set Rating

1 Stewart Blay Collection

66.07

100%

66.07

2 The Ally Collection of Indian Cents

65.58

100%

65.58

3 Richard

65.27

100%

65.27

4 Judge Mansfield Collection

65.09

100%

39%

65.09

5 Gibbs Collection

64.00

98%

62.84

5 The Riverside Collection

64.00

98%

15%

62.84

All Time Finest, Proof strikes

Collection

brade Points

% Complete

%RD

Set Rating

1 Newmismatist 1 CN Indian Proof Set

65.42

100%

35%

65.42

2 Richard

65.23

100%

65.23

3 Wm Walser

64.92

100%

50%

64.92

4 Indian Cents Too

64.60

90%

48%

58.39

5 Kert Phillips

65.12

65%

87%

42.58

Current Finest, Proof strikes

Collection

Grade Points

% Complete

%RD

Set Rating

1 Newmismatist 1CN Indian Proof Set

65.42

100%

35%

65.42

2 Richard

65.23

100%

65.23

3 Wm Walser

64.92

100%

50%

64.92

4 Indian Cents Too

64.60

90%

48%

5839

5 Kert Phillips

65.12

65%

-J

42.58

Longacre’s Ledger

Seeing this unwarranted shift in the market, PCGS
decided to ad weights to the registry. This way a collector is
awarded more points for a tough date over a commoner date.
An 1877 Indian Cent is weighted as a 10 and a 1909 is
weighted as a 1 . This way a MS65RD 1877 is equal to a set of
1 900-1909 in MS65RD. Still not perfect, but if $ better than
what was done initially. This author submitted recommenda-
tions for the weights which are presently used, although the
final decisions are made by the “weightmeister”, PCGS
founder David Hall

Another problem is the lack of weighting for full Reds
over Red-Browns and Browns. The owner of the “Richard”
collection of proofs is peeved that a collection comprising
only 35% Red coins beats out his full Red collection. PCGS is
weighting the color as well, but currently they are giving a
Red coins a 2 weight, Red-Browns a 1 weight and Browns a 0
weight. I was not asked to submit recommendations, and I
think this is still a work in progress. Clearly a full red 1886
Type 2 Indian cent is worth more than twice a Red-Brown.

In the process of putting together the list of coins in a
“Basic” Indian Cent collection, PCGS may again alter
collector’s buying habits. By omitting coins typically
collected as part of the basic set collectors may determine
that these coins are not needed in their collections either,
freeing up additional resources for other coins in the set. To
all collectors of Indian Cents, a typical “basic” set contains
the following coins presently omitted from the PCGS list:

1860 Pointed Bust
1865 Plain 5
1873 Closed 3
1886 Type 2

In an extensive volley of E-Mails messages with David
Hall, I learned that he does not think that the design changes
made during 1 860 and 1 886 are as important to collectors as
other design changes in other series like the changes in the
first years of the Shield, Liberty and Buffalo Nickels and
Standing Liberty Quarters. The date modifications made in
1 865 and 1 873 are likewise given lower status by Mr. Hall. I
was successful in getting him to allow the 1864 With L into
the list. Modifications may still be possible with extensive
collector support.

Please visit the PCGS registry web site at: ^

www.pcgs.com/new_set_registry/news.chtml

The manager of the registry section, B. J. Searls wel-
comes any ideas to make the registry as useful as possible.

The Challenge

Stewart Blay is widely recognized as the owner of the
Finest Lincoln Cent Collection. His Indian Cent collection has
only recently been completed, and ranks in the PCGS registry
as finer than the once top ranked “Ally” collection. The
“Ally” collection is owned by the same person who as-

sembled the “Joshua” collection of Proof Indian Cents which
was described in the March 2001 Longacre’s Ledger.

Not content to win by an average of grades, Stewart
wanted to promote the quality of the coins in his collection,
so he petitioned B.J. and David at PCGS to display his
collection alongside two other top ranked Indian cents
collections, The “Ally” and “Richard” Collections at the
September Long Beach, CA show. This showdown was to be
the coming out party for high grade Indian cents. Never has
so many gem Indian cents been on display at one time.

Paul Houck, courtes\ Pxp<\\ Unlimited

1888 MS-66RD PCGS
From the “Ally” Collection

The Flying Eagle and Indian Cent Collectors Society

Stewart Blay comments:

This is THE mint state collection of
Indian Cents that will be appearing at the
“SHOWDOWN” for the Long Beach coin
and collectible show from September 25-28
2002 All the coins in this set from 1859
through 1865 as well as 1875 through
1909s grade ms66 reel or better. This set
boasts the finest example of an 1877 Indian
cent seen ! ! ! period. It is presently
undergraded in an ms66 red holder. It has
frost so thick and luster so gold and
attractive, I call her the “Golden Princess”

“Ally” comments:

This collection is a high grade set of
Indian Head Cents that has all of its
bronze coins in full red. Highlights include
the 1860 in MS-67, 1870, 1871, 1872,
1908-S and 1909-S in MS-66 RD.

PCGS Comments:

It was not enough for Richard to put
together a Proof Indian cent collection, though
that seems like a very ambitious task in itself.
Richard went one better — a completely Mint
State Indian Cent set collection all in red. His key
dates are strong, to address the difficult to find
1867-1873 coins. Among his collection are many
coins which share finest known distinctions. Also
an 1896 in 65RD with only one graded higher.
Richard continues to upgrade his set. Though he
limits himself to only red coins, you can count on
a higher average grade the next time around.

Stewart Blay Collection “Ally” Collection “Richard” Collection

Grade Points: 66.07

Grade Points: 65.58

Grade Points: 65*27

PCGS #

Date

Grade

Pop. Better

Grade

Pop,

Better

Grade

Poo. Better

2052

1859

MS66

MS65

2058

1860

MS 67

MS67

MS66

2061

1861

MS66

2064

1862

MS67

MS66

2067

1863

MS66

MS65

101

2070

1864 CN

MS66

MS65

2078

1864 No L

MS67RD

MS66RD

208 I

J 864 With L

MS66RD

MS65RD

2084

1865 Fancy 5

MS66RD

MS65RD

2087

1866

MS65RD

1 5

2090

1867

MS65RD

MS64RD

MS65RD

2093

1868

MS65RD

2096

1869

MS65RD

2099

1870

MS65RD

MS66RD

MS65RD

2 102

1871

MS65RD

MS66RD

MS64RD

2105

1872

MS65RD

MS66RD

MS65RD

2108

1873 Open 3

MS65RD

MS64RD

2 l

MS65RD

2120

1874

MS65RD

2 123

1875

MS66RD

MS65RD

2126

1876

MS67RD

MS66RD

1 1

MS65RD

2129

1877

MS66RD

MS65RD

2132

1 878

MS67RD

MS65RD

2135

1879

MS66RD

MS65RD

l 2

2138

1880

MS66RD

M S 65 RD

2141

1881

MS66RD

1 8

2144

1882

MS66RD

2147

1883

MS67RD

MS65RD

5 1

MS66RD

2150

1884

MS67RD

MS66RD

2153

1885

MS66RD

MS65RD

3 1

2156

1886 Type 1

MS66RD

MS65RD

2 159

1887

MS66RD

1 1

MS65RD

2168

1888

MS66RD

1 1

MS66RD

1 1

MS65RD

2174

1889

MS66RD

MS65RD

2177

1890

MS66RD

MS65RD

2180

1891

MS66RD

MS65RD

MS66RD

2183

1892

MS66RD

1 1

M£65RD

MS65RD

2186

1893

MS66RD

MS65RD

2189

1894

MS66RD

2192

1895

MS66RD

]

MS66RD

MS65RD

2195

1896

MS66RD

2198

1897

MS66RD

MS65RD

1 1

2201

1898

MS67RD

MS65RD

MS66RD

2204

1899

MS67RD

MS66RD

MS65RD

137

2207

1900

MS67RD

MS66RD

4 1

MS65RD

2210

1901

MS66RD

2213

1902

MS67RD

MS66RD

MS65RD

105

2216

1903

MS67RD

MS66RD

2219

1904

MS66RD

MS65RD

164

2222

1 905

MS66RD

MS65RD

1 19

2225

1906

MS66RD

MS65RD

131

1 1

MS65RD

131

1 1

2228

1907

MS66RD

MS65RD

159

3 1

MS65RD

159

223 1

1908

MS66RD

MS65RD

173

2234

1908-S

MS66RD

MS65RD

144

2237

1909

MS67RD

MS66RD

2240

1909-S

MS66RD

Longacre’s Ledger

September 26, 2002

The showdown has begun!

On the set up day at the Long Beach show I was able to
sit down and examine one by one the three sets on display. I
posted my thoughts on the PCGS web site message board.

PCGS has a great setup with cowboy stuff all around:
Guns t whips , spurs, handcuffs , hay and cowboy hats . They
don f t need the handcuffs because these guys are TAKING
NO PRISONERS!

Carol Bennett and BJ . Searls of PCGS

Special Ihatiks to Expos Unlint tied

Blay Collection

These sets are awesome! I looked over all three sets
and gave each coin a “Tumbs up f, f “Thumbs down " or
“Right on” for their respective grade . IPs obvious that the
clear winner in “quality for the grade ” is Stewart Blay, His
coins are all in their original holders (not consecutively
numbered or recently regraded) Because of this there are
many coins that have a shot at a higher grade: 186} t
1862(f) t 1863 , 1877 (A WOW), 1886 77, 1888 } 1893 , 1900
(!), 1905 , 1908, 1908-S (Prooflike). Only about 7 coins
were LQ enough to warrant buying better examples. None
had any major problems like spots , weak strikes , or RB
color The 1871 is the rare shallow N Outstanding!

The Ally collection is also outstanding and is ranked
second only because of the quality of some of the tough
dates in the late 1860 r s and early I870 7 s . His 1877 is right
on for the grade. The CN pieces are all exceptional. Many
of the 1880 s are exceptional as well The set was recently
sent in to get consecutive serial numbers, and was regraded
at that time . As such , it no wonder that I saw only a few
possible upgrade potential coins. 1873 Open 3 } 1865
Fancy 5 , 1885, 1886 Tl, 1 887, 1888 , 1890 , 1894 , 1898,
1899. V

Ally Collection

The Richard collection is a worthy contender and is
consecutively numbered as well A few upgrade potentials
are the 1863 , 1864 CN, 1865, 1875 and 1899. A few
including the 1877 were a bit LQ, and hurt the overall
appeal Everyone first looks at the 1877 first and if it
dissapoints, it hurts the first impression. The set is excep-
tional, but does need a little work. I know the owner has a
good eye .

The Flying Eagle and Indian Cent Collectors Society

The Showdown !, continued „

Many Fly-In Club members were in attendance. Stewart
Blay of course was there. Paul Houck, Fly-In webmaster took
pictures and posted them on the PCGS message board, and
supplied copies for this article. Dr. Tim Larson lusted over
Stewart’s 1877.

Stewart later showed me his Flying Eagle set which
consisted of the following:

1856 Snow-3

MS-65

PCGS

1857

MS-66

PCGS

1858LL

MS-66

PCGS

1858 SL

MS-66

PCGS

1858/7 Snow- 1

MS-65

PCGS

The 1 858 SL is a prooflike example from the Eliasberg
pattern set.

So who won? Actually the collectors who came to look
were the winners. This was the greatest showing of gem MS
Indian Cents ever! The Epstein collection was great when it
was shown in late 1995, but it was only one set. Larry Steve’s
award winning exhibit is only the varieties. Three gem sets all
together at once was a unique treat!

My only regret was... they were not for sale.

The Stewart Blay
1877 Indian Cent

Paul Houck, courtesy Expos Uni mined

Stewart Blay relates:

It was September, 1997. 1 had just returned from Florida
and was preparing to leave again for a ski trip in Utah. I had
some time to kill so I went uptown to Stack’s on 57th St. in
New York to look at auction lots for their upcoming sale.
When I got to the 1877 Indian Cent my jaw dropped and I
nearly went into cardiac arrest! It was brealhtakingly beauti-
ful! The finest 1877, no - it was the finest Indian cent I’d ever
seen, period. And it was uncertified!

Since I was leaving town, I left a bid of $95*000 with a
friend. No doubt that would win it, since the record at the
time was only $45,000.

A California collector relates:

I wanted the 1 877 Indian Cent bad. It was beautiful. I had
instructed my dealer to bid up to $60,000 for the coin. That
was a record price and would surely get the coin. As a
strategic move the dealer I gave the bid to asked another
person in attendance to bid the $60,000.

The sale:

Excitement was building up for the 1877 which everyone
had agreed was immaculate! The bidding started and quickly
built up to $40,000, closing in on the record. Just then one
v bidder shouts out $6 1 ,000 ! The room falls silent for what
seemed like an eternity. Then the surprised auctioneer called
the coin “SOLD”.

As it turns out the same person was given two bids on
the coin and had to execute the highest one at an increment
over the lower one.

With the commission the coin sold for $67, 1 00. News of
the wonder coin spread around the numismatic market and
made headlines in the coin newspapers. Who bought it?
What grade did it slab? No one knew. That is, until the PCGS
Showdown, when it was brought out in the Stewart Blay
collection.

Longacre’s Ledger

Rick Snow

Is now exclusively,

“ICG’s Official Consultant for
Flying Eagle & Indian Cent

attributions”

ICG is now
attributing, upon
request, all Flying
Eagle and Indian Cents
with “Snow” variety
numbers.

Simply submit your coins on
an ICG submission form and
in the variety column print

“Snow Number ”

v Need more information?

Need a free ICG submission kit?
Contact James Taylor at ICG

(877) 221-4424 X203
jamestaylor@icgcoin.com

www.icgcoinxom

INDEPENDENT COIN GRADING COMPANY

7901 E. Belleview Ave. Suite 50 Englewood CO 80111

The Flying Eagle and Indian Cent Collectors Society

An 1894 Indian Head Cent with Triple Error!
By Ken Hill

In 1971 the PDS (PLANCHET, DIE & STRIKING) System
for classifying errors was established. There are presently
over 200 classes of minting errors listed. The PDS System
replaced the Major-Minor System which was difficult to use.

Planchet errors occur before the coin is struck and
involve the metal disk with an upset rim. They include
incomplete planchets which are commonly called “clips”,
laminations, unstruck blanks or planchets, defective
planchets and plating errors.

Die errors, commonly known as die varieties, occur when
something alters the die which then causes a change in the
intended design. Die errors can be divided into two major
classes. First are those that occur during the preparation of
the die such as doubled dies, repunched dates or mintmarks

and misplaced digits. Second are those caused by damage to
the die because of wear, mechanical failure or carelessness.
Some examples are die cracks, die breaks, die clashes and die
scratches.

Striking errors occur during the final phase of the minting
process when the planchet becomes a coin. These are
usually the most spectacular errors and include off center
strikes, multiple strikes, wrong metal/wrong planchet errors,
indent and brockage strikes, capped dies, mules and adjust-
ment strikes. The examples listed above are only a small
fraction of the total number of errors known and for more
information there are a number of excellent books on the
subject.

The 1 894 Indian Head cent presented here comes from
the collection of George Petersen of Pennsylvania. George’s
coin exhibits two striking errors and a die error (or variety).
The most obvious striking error is called an indent and
appears as the unstruck area on the coin’s upper third (photo
1). An indent is caused when another planchet or blank rests
on top of the one about to be struck. The missing devices are
on the other planchet or blank, and if both pieces were
together the error would be called a mated pair.

The second error, a tilted partial collar strike or railroad
rim, is caused when the collar is not properly positioned, but
the collar does contain some of the coin leaving a distinct
ring around a portion of the coin's edge (photo 3).

The extra metal of the other planchet caused the outer part of
the indented area to expand far beyond the collar. This is more
easily seen on the reverse photos since the reverse was contained
within the collar and therefore has a normal rim (photos 2 and 4).
Unfortunately, it appears as if someone decided to try to even out
the reverse’s rim after the coin left the mint as damage can be seen
from K-3 to K-7 (photos 2 and 4).

The die error on George’s coin is readily recognizable to
anyone who collects die varieties within the series (photo 5).
This is considered by many to be the strongest repunched
date in the IHC series. It is designated as Snow-1 , is listed in
Cherry picker’s Guide as FS # lc 01 1 and is also one of only
two RPDs in the IHC series listed in THE RED BOOK.

An Indian Head cent with a partial collar is scarce and
one with an indent is quite rare. But when these two errors
are combined with a very desirable die variety on the same
coin, it is indeed very special.

The Thrill of the Find
By Stephen Witkowski

I was just 7 or 8 years old when I caught the coin-collecting
bug. I still clearly remember the friendly gentleman slowly pull
out several beautiful Red Cherry boxes from his old desk. He
looked at me as he opened the first box. When he pulled out
the first drawer my eyes instantly grew to twice their normal
size. I set down the milk and dropped the cookies his wife had
just served me. Inside were small compartments filled with
coins - no paper holders, just little squares full of gold, silver,
and copper coins- a real treasure to a young boy. Even
though I had been collecting coins from pocket change since
I was five I had never seen anything like these strange coins.

I only knew the occasional well-worn Indian Head cent or
Barber dime my grandfather gave me from his pocket change.

I was mystified by the tiny silver Three Cent pieces, the big
Two Cent coins, and some very small and pretty One Dollar
gold coins. He let me hold any coin that I wished. I remember
daydreaming about having a similar collection, something
that someday would be my own private treasure.

I was visiting a friend of my father's; but after that short
voyage of only thirty minutes my interest in coins would
change forever. Ever since that cold rainy day over 45 years
ago, finding a new coin that is unusual or “rare” is an
experience that has excited me. The next experience I remem-
ber was playing with a friend. My friend’s father came out to
watch us shoot marbles on their backyard lawn and he asked
me if 1 liked coins. Of course I responded “Yes!” and told him
about my small collection. The man disappeared into to
house and returned shortly. He opened is fist and in his hand
were four or five very strange looking coins. The man said to
each of us 'Take one that you like”. I choose a particularly
interesting looking copper coin about the size of a dime. My
friend’s father explained that during the war he was in the
infantry in Italy and had acquired some ancient Roman coins.
Wow, I thought - they must be rare and valuable!

During my early teens in the 60’ s I would save up my
allowance or some of the money I earned from mowing lawns
and from my Rochester Democrat Sc Chronicle morning pappr
route. I rode my black and white Schwinn Western Flyer
bicycle, peddling papers in our upstate New York village in
Wyoming County - a county that had the distinction of
having a larger population of Holstein dairy cattle than
people. Fd take the money I’d earned and hightail it to the
local bank to buy silver dollars. The bank was a magnificent
old building with a beautiful marble floors and stately marble
columns. The teller’s cages were behind solid, well-polished
brass bars. The safe was a hug, magnificent vault with a
massive stainless steel door that contained several various
size combination locks. I fantasized every time I was in the
bank about what treasures must be securely locked away in
that secretive and impenetrable room. I came to know the
tellers well, and one day one of the older tellers, Mr. Carney,

asked me how my collection was coming. I told him I had a lot
of silver dollars (maybe 15 or 20), and a few smaller denomina-
tion silver coins, but only a couple of Indian Head cents.

After trading in my accumulated savings for one or two silver
dollars, the teller handed me a roll of pennies and said, “Here,
this is for you, maybe it will help your Indian Head collec-
tion.” The roll he gave me contained fifty Indian Head cents -
I was overjoyed. Inside the roll was one fairly beat up 1864-L
Indian. I had found a “rare” coin. I still have that cent, and
about twenty other coins from the roll - they are all common
dates and in Good to Fine condition, but very special to me.

There were no coin shops in the small town I grew up in, but
my grandmother liked to go shopping on weekends in
Rochester, the closest “big city”. Often I would go with her
so I could visit the Coin & Stamp department in Rochester’s
largest department store at the time — Sibley, Lindsay and
Curr Co. or “Sibleys” as everybody called it. I believe the
coin department was on the top floor of the store (9th or 10th)
and it was always fun to ride up and down the escalator. I
remember buying a few Barber silver coins, and some two
cent pieces. But no matter what the purchase, the trip to
Sibley’s and the treasures of the coin and stamp department
was an exciting experience that still bring backs pleasant
memories of my youth.

Some of my other “important” finds as a child included a nice
uncirculated Peace Dollar that I found in the driveway of a
local church, and some excellent Buffalo nickels and Standing
Liberty quarters from “collecting” day (Saturday) on my
paper route. I also remember receiving a neat Barber half
dollar in change from the J.J. Newberry Co. “five and dime”
when I went to buy some balloons that my friends and I used
for “water balloon fights” on hot summer days. I also
remember trading one of my big “steely” ball bearings that
boys my age used to play marbles with for a two cent piece
that a friend of mine owned - a big “steely” was a prize
possession that a twelve or thirteen year old wouldn’t part
with easily - so I guess coin collecting was in my blood. My
home was only about an hour’s drive from the Canadian
border, and the Canadian dollar was worth about $1.04 or
$ 1 .05 then, so getting a Canadian coin in change was actually
a small treasure. I remember the excitement of receiving three
or four large Canadian cents in change at the local Rexall
Drug Store.

Over thirty years passed between the time I stopped coin
collecting after entering college and my present re-discovered
passion for the hobby. Most of those early finds are just
memories now, but the thrill of finding a neat coin has always
been etched in my memory. In 2001 I took up the hobby
again, focusing almost exclusively on Indian cents. In less
than a year I have put together two complete collections, one

Longacre’s Ledger

Fine to Extremely Fine, and one uncirculated or better. I didn’t
start paying attention to varieties until about three months
ago, when I was near completion of my second set and
looking for a new challenge. The turning point in my
acquisition of varieties was the purchase of a stereo micro-
scope. I had a large number of Fine or better Indians literally
lying around the house, mostly in a plastic box that sat in my
office on the same window sill that the family cat Marcus, a
gigantic but very laidback Maine Coon, often uses for a his
afternoon naps. I started closely examining the several
hundred Indians in the box several months ago. I was
surprised at how many repunched dates I found, and these
early find added to my interest. My first really exciting find
was the discovery that one of my favorite coins, an 1870 MS-
64 RD, was a Snow-9. The doubling on the LIBERTY is fairly
strong and the realization that it was a variety reinforced my
determination to find additional “strange” cents.

My most interesting find so far has been an 1 891 Doubled
Die Reverse Snow- 1 in XF/AU. I remember the evening I first
examined the coin under the microscope. The amazing
strength of the doubling on the “O” of “OF” and the dou-
bling on the LIBERTY were incredibly exciting. I wasn’t
familiar with the variety at the time, but checked it out in The
EIND.ERS Report.

Figure 1. 1891 Snow-1 Figure 2. Doubling

Chris Pilliod and others have told me that the 1 891 Snow-1 is
a tough coin to find. The F.IND.ERS Report gives it a rarity of
R-6 or Very Rare (13-30 known). The Snow-1 is a combination
of Tilted Hub Doubling and Offset Hub Doubling. This
particular hybrid doubling resulted in this extremely interest-
ing coin that I was fortunate to find in excellent condition. I
am not sure where I acquired the coin. Three possibilities
exist:

* It is one of the fifty or sixty coins that I have acquired over
a period of over thirty years before I actively focused on
collecting Indian cents.

* The cent was purchased from a Florida dealer at this year’s
Baltimore coin show, along with six or seven other coins of
similar grade (my first coin show).

* The coin is from one of several from “bulk” eBay pur-
chases that I made early this year.

Figure 3 . Doubling of the O and F
in UNITED STATES OF AMERICA

Figure 4 > Doubling in the LIBERTY

Whatever the origin, it was by accident, since I was not even
looking for varieties until about two months ago. For me, the
most exciting part of coin collecting is the thrill of finding
something rare. Additionally, there is the ever-present
anticipation of looking forward to more finds in the future.

Recently on public radio there was a program devoted to
collecting and why people collect. Two reasons given were;
first, to relive childhood dreams and fantasies, and secondly,
to deal with some childhood trauma. 1 have definitely been
realizing my childhood dreams and fantasies through the
successful addition of some very nice Indian Head cent
varieties to my collection. If luck will have it, I hope to
continue experiencing the “thrill of the find” for many more
years.

Figure 5. Marcus Near the Coin Box

The Flying Eagle and Indian Cent Collectors Society

The 1863 Reeded Edge Proof, J-300 ♦
By Rick Snow .

1863 Reeded Edge Proof. Note the die striations which disappear when the light angle is changed .

In the March 2002 issue of Longacre’s Ledger I
wrote about the enigmatic 1863 reeded edge pattern in it’s
non-proof format. In that article I mentioned that two proof
dies are known which struck three examples each. This is
such a rare coin that examples hardly ever show up in the
market. Because of this lack of extant example I stated that
the dies were listed as high date and low date, as discussed
in the Pollock pattern book. One of each die pair was sold in
the Abe Kosoff sale by Bowers and Merena in 1985. From
the image there it looked like the die pairs were the same as
the two known proof dies.

The two known dies are easy to distiguish. The one
found on most regular issue proofs has a high date and
polished centers of the 8 and 6. The one found on a minority
of regular issue proofs and all of the bronze pattern, J-299
has a low date and unpolished centers of the 8 and 6.

I assumed that the dies used to strike the two proof
verions are the same ones that struck both of the proof 1863

Reeded Edge Indian Heads.

Recently I purchased one of these rarities and found
out that the die was an unknown one. The coin is the plate
coin in the Pollack book (P-36 1 ) and is from the Kossof sale. It
grades PR65CAM PCGS. As discussed in the March article,
the diameter is slightly larger due to the added groves in the
collar. Unlike the MS version, this proof example exhibits a
partial wire rim.

So, to update the information, here are some images
of the coin.

Obv . 15: (LE) High date . Date had unpolished centers , as
does the A s in AMERICA . Three light raised die dots on the
neck. Die st nations 12:00 to 6:00 which also score the
shallow area left of the ear

Rev . M: Unpolished shield lines except for the far left
“white” bar Die striations 12:00 to 6:00.

1863 Reeded Edge proof
Die dots on neck

Longacre’s Ledger

Examination of an 1859 Indian Cent.
By Chris Pilliod

Chris Pilliod

a) SEM micrograph of the “silver” colored region
of the coin . ( original magnification; 9Mx)

At the ANA in New York last month, error specialist Xan
Chamberlain passed on to me an interesting looking 1859
Indian cent. On the reverse was a bright silvery patch, that
looked like it may have been from a silver planchet, possibly a
Dime or Half dime. He submitted to me for determination of
the origin of a bright metallic exogenous area. It is a nice
study on how metallurgists examine specimen for origin.

A Scanning Electron Microscope (SEM) was utilized for
high-magnification images as well as x-ray analysis of
chemistry. Both the physical characteristics and the chemical
composition show this area to be a soldering material.

Three scanning electron images were taken of the area
as shown below. As the magnification was increased to 500x
(500 times real size), the transition between the solder and the

, 1 1 Chris Pilliod

b ) SEM micrograph at the boundary oj the
“silver” colored region
(original magnification: lOOx)

host coin is revealed as a step or a layer as shown. Had this
been an actual struck- thru made during the minting process,
the extreme pressure of the strike would have been
mechanically forged the foreign metal to the same level as the
softened host planchet.

In addition, the chemical composition of 84.54% Sn
(tin) and 15.46% Pb (lead) is typical of many low melting-
point soldering metals.

Tin is a very white-colored metal that is historically been
used in many counterfeiting applications due to its similar
color to silver and its relatively cheap cost.

ICO microns

- - *- . Sjfk - .

fee- ' ^V" « .

" ’ Chris Pilliod

c) SEM micrograph at the boundary of the
“silver” colored region ( original magnification: 500x)

d)EDXA spectrum from the “ silver ” colored
region on the surface of the penny

The Flying Eagle and Indian Cent Collectors Society

Something New
By Rick Snow

Note: The S38 listed in the last jornal was dated 1870.

S9 1864 No L, 86/86 (n).

Fly 'In ('.I lib mini;,: ljhrory

S10 1864 No L, Bisecting die crack.

S9 1864 No L, 86/86 (n).

Obv . 19: (B) Moderate repunching visible inside the lower
loops of the 8 and 6 . Die clash marks in front of the forehead
and between the feathers are evident on the example seem
Rev . AR: Olive leaf and shield points well away from the
denticles . A triangular die chip is visible below the right
edge of the left foot of the N in ONE. Clash marks from Obv :
19 evident inside the right wreath and through the C in
CENT. Die crack from the rim at 12:30 slightly into the field.

Attributed to: Quent Hansen

S10 1864 No L, Bisecting die crack.

Obv . 20: (B) Late die stage: A large die crack extends from
the rim at 1:00 through the center of the coin to the rim at
7:00 . Pronounced die wear.

Rev . AS: Olive leaf and shield points away from the den-
ticles. Pronounced die wear.

Attributed to: Michael Fey

A significant die crack similar to the 1864-L S-l 6. As with
that variety the decision to list a die crack as a separate
variety was done only after considerable questioning its
collectability with Indian Cent variety collectors. There is
significant enough interest, however the variety is not
designated for early die state examples without the die crack
should they exist.

Longacre's Ledger

Sll 1864 No L, Lathe lines

Obv. 21: (C) Concentric circular die lines cover most of the
portrait with the focus at the center of the die : Early die
states show die striations fron 11:30 to 5:30 . Later dies
stages show the lathe lines less pronounced.

Rev . AT: Olive leaf and shield points well away from the
denticles .

This could have been a partially hubbed die or a die
which was unsound in some other way. It may have been
expedient to re-engrave the design directly into this working
die to bring out the design. Any lines into the die would be
very difficult to smooth out, so they were left in.

Sll 1864 No L, Lathe lines

S14 1892, “Scarface”, Obverse die scratches.

Obv . 16: (RE) Numerous raised lines on the portrait and
surounding field.

Rev . P: Olive leaf and shield points connected to the
denticles .

Attributed to: Bill Fivaz

This is a fabulous variety. It seems to be very rare, as the
only example seen is the discovery coin, A MS-65RB graded
by ANACS. The lines at first appear to be caused by
agressive scratching of the face of the die with a pointed
object such as an awl. In actuality, the lines are probably
caused by a mass of small stands of fibers which got caught
on the die during the hubbing process.

This variety was first described by Bill Fivaz in
Longacre’s Ledger, Vol. 8.1, January-March 1998, pg. 26. It
was only recently that the current owner of the coin, Quent
Hansen, forwarded the coin to me for photography. It’s a long
overdue incusion to the list.

If other examples of this variety are known, please let me
know their grades.

S14 1892, “Scarface”, die scratches
around date.

S14 1892, “Scarface”, die scratches on cheek.

Fh-ht Club image Ubfot\

S14 1892, “Scarface”, die scratches in field.

The Flying Eagle and Indian Cent Collectors Society

Fly-In Club image Library

S42 1906, 190/190 (s) 6/6 (n).

Obv . 43: (RE) Moderate repunching visible under the base of the
l f 9 and 0. Slight repunching visible inside the bottom of the 6.
Rev . AQ: Right shield point connected to the denticles , left point
just away. The olive leaf is well away from the denticles .

Attributed to: John Miller

S43 1906, 90/90 (n).

Obv . 44: (LE) Minor repunching visible at the base of the 9 and

0 .

Rev , AR: Right shield point connected to the denticles , left point
just away . The olive leaf is well away from the denticles.

Attributed to: John Miller

Longacre’s Ledger

Classified ads

For Sale:

1856 Flying Eagle Cent MS-64 PCGS
BradMcMain
bbmcmain@aol.com
713-723-6995

How to submit coins for attribution

What should be submitted: Any premium value variety which
is has not been previously listed in the Flying Eagle and
Indian Cent Attribution Guide. Any overdate, doubled die,
repunched date, die anomaly (if it's dramatic enough to
ensure collectability) and misplaced digit (provided it is
dramatic enough) should be submitted.

How to submit a coin for attribution: There is no limit on
submissions. All coins should be sent to Fly-In Club
Attributor,

Rick Snow,

P.O* Box 65645,

Ttocson, AZ 85728

All coins should be sent with a listing of the coins, their
insurance value, and a return address and phone number.
How much does it cost?; Please include $4 per coin, plus
return postage. All coin will be returned via the U.S. Post
Office by registered and insured postage. Their cost is $8
plus $1 for every $1,000 in insured value.

What will I get?: All new listings will be added to future
editions of the Flying Eagle and Indian Cent book by Rick
Snow. New varieties will be listed in a future issue of
Longacre’s Ledger, space permitting.

Advertising rates

Advertising policy

Display ads: Rates are for camera-ready copy.

One issue

Quarter page $20.00

Halfpage $35.00

Full page $60.00

Inside front cover $75 .00

Outside back cover $70.00

Four issues
$65.00
$115.00
$200.00
y $245.00
$230.00

Ads will only be accepted from members in good standing of
the Society.

The Society specifically reserves the right to require payment
in advance, to suspend advertising privileges, or to decline
any advertisement in part or in whole at its sole discretion.

Minors under the age of 18 must have written parental or
guardian permission.

Classified: Club members are entitled to one free classified ad
per issue, limited to not more than 25 words, excluding name
and address. Additional ads or words are 10 cents per word,
limited to 50 words, excluding name and address.

Please check submission deadlines in the front of the journal
to avoid missing inclusion in an issue.

Please contact: Johnathan Lemer

Scarsdale Coin
717 White Plains Rd*

Scarsdale, NY 10583

(914) 722-3606

Only ads for Flying Eagles Cents, Indian Cents and Two
Cent pieces are accepted at this time.

Unless otherwise noted, grading will be in accordance with
the official ANA grading standards for United States coins.

Advertisers must extend at least a seven -day return privi-
lege.

Excluding the printing of an ad, the Society assumes no
responsibility whatsoever, and reserves the right to edit or
reject any ad that does not conform to its policy.

The Flying Eagle and Indian Cent Collectors Society

DAVE’S

D.C.W. COLLECTION
(trusted name in numismatics)

THE COLLECTORS FRIEND ”®

I BUY-SELL-TRADE
Flying Eagle and Indian Cents.

When it comes to high grades or
Ex. Rare Varieties, see me.

10 days return priveledge. Strict grading a "must."
ANA LM 4078, FUN-CON ECA

P.O. Box 500850 - San Diego, CA 92150-0850
PHONE: 800-346-6718 - FAX:858-513-6557
www.thecollectorsfriend.com

Other clubs closely related to our club

American Numismatic Association (ANA)

818 N. Cascade Ave. Colorado Springs, CO 80903 Dues: $26/yr,
CONECA

9017 Topperwind Ct. Ft. Worth, TX 76134 Dues: $20/yr.

Lincoln Cent Society (LCS)

P.O. Box 113, Winfield, IL 60590 Dues: $28/yr.

The National Collectors Association of Die Doubling (NCADD)
RO. Box 15, Lykens, PA 17048 Dues: $28/yr.

Early American Coppers (EAC)

1468 Timberiane Dr., St. Joseph, MO 49085 Dues: $20

John Reich Collectors Society (JRCS)

BO. Box 135 Harrison, OH 45030 Dues: $15

Liberty Seated Collectors Club (LSCC)

P.O. Box 776, Crystal Lake, TL 60039 Dues: $15

Barber Coin Collectors Society (BCCS)

415 Ellen Dr., Brookhaven, MS 39601 Dues: $15

Back Issues of Longacre’s Ledger

VoL 1 #1 January, 1991 (reprint)

Vol. 1 #1 April, 1991

VoL 1 #3 July, 1991

Vol. 1 #4 October, 1991

VoI.2#l January, 1992

Vol. 2 #2 April, 1992

Vol. 2 #3 July, 1992

Vol. 2 #4 October, 1992

Vol. 3 #1 Winter, 1993

Vol. 3 #2 Spring, 1993

Vol. 3 #3 Summer, 1993

Vol. 3 #4 Fall, 1993

VoL4#l Winter, 1994

Vol. 4 £2 Spring, 1994

Vol. 4 #3 Summer, 1994

Vol. 4 #4 Fall, 1994

Vol. 5 #1 Winter, 1995

Vol. 5 #2 Spring, 1995

Vol. 5 #3 Summer, 1995

Vol. 5 #4 Fall, 1995

Vol. 6#1 Winter, 1996

Vol. 6#2 Spring, 1996

Vol. 6 #3 Summer, 1996

Vol. 6 #4 Fall, 1 996

Vol. 7 #1 January - March, 1997
Vol. 7 ffl April - June, 1 997
Vol. 7 #3 July - September, 1997
Vol. 7 #4 October - December, 1 997
VoL8#l January - March, 1998
Vol. 8 #2 April - June, 1998
Vol. 8 #3 July - September, 1998
Vol. 8 #4 October - December, 1 998
Large format issues

Vol. 9.1 #39
Vol. 9.2 #40
Vol. 9.3 #41
VoL 9.4 #42
Vol. 10.1 #43
Vol. 10.2 #44
Vol. 10.3 #45
Vol. 10.4 #46

February, 1999
May, 1999
August, 1999
December, 1999
February, 2000
May, 2000
August, 2000
December, 2000

Number of issues X $6.00 each

Please add $3.30 Postage per 4 issue block

($1 ,50 postage for a singles issue)
Mail checks to: Fly-In Club

P.O. Box 162
LaFox,IL 60147

Longacre’s Ledger

Eagle Eye
Rare Coins,

Knowledge, Fairness, Integrity

Inc.

1859 PR-64 {PS} PCGS An outstanding coin

with a gem look $3,000.00

1861 PR-65 (PS) PCGS Except for the 64-JU
this is the toughest Indian Cent in PR65 .
$10,000.00

1861 PR-64 {PS} PCGS This is a super high
quality example - its nearly flawless. $4,000. 00

1862 PR-66 {PS} PCGS A super deep
mirrored gem. Great eye appeal. .. $4,000.00

1862 PR-64 CAMEO '{PS} PCGS A blazing

hack and white cameo $1,500.00

1863 PR-65 {PS} PCGS Essentially flawless.

A very eye appealing example $3,500.00

1863 Bronze J-299 PR-64RD CAMEO
{PS} NGC WO W! Here is one of the finest
examples of this popular transitional pattern.
’ $3,500.00

1863 Bronze J-299 PR-64RB {PS} PCGS
90% RED. This is exactly like the 1864 No L
but dared 1863. This one is nearly full red.
$1,300.00

1864 CN PR-65 {PS} PCGS Super eye

appeal. A great Civil War era proof $3,500.00
1864 CN PR-64 {PS} PCGS A very high end
example , Great mirrors $1,500.00

1864 No L PR-66RB {PS} PCGS 90% RED.

A super deep mirror example with outstanding
flawless surfaces $6,000.00

1865 PR-65RB {PS} PCGS 20% RED . A
very tough date in proof This example shows
hints of purple toning in the toning. $2,500.00
1867 PR-65RB {PS} NGC 75% RED. Mostly

red $950.00

1870 PR-64RB {PS} PCGS 25% No spots or
problems. This is actually nicer than the grade

assigned $550.00

1872 180 deg. Rotated Reverse PR-64RD
{PS} PCGS Labeled " Rotated Reverse'* on
the holder by PCGS. This is the first example
of this date found with the dies in a medallic
alignment. Very unusual and appealing.
’ $3,200.00

1872 PR-65RB {PS} PCGS 20% RED.

Flawless surfaces. Very uniform color. About 1/
2 the price of a MS64RB $1,100.00

1873 PR-65RD {PS} NGC A blazing gem.

Better mirrors than typical $3,000.00

1873 PR-64RD {PS} PCGS A beautiful
frosted example. No spots or problems ,

$1,250.00

1874 PR-64RB (PS) PCGS 10% RED .

Mostly brown with a hint of purple toning.

;j $475.00

1875 PR-64RB {PS} PCGS 15% RED. A
super coin for the grade. Essentially flawless.

’ $500.00

1875 PR-65RB {PS} NGC 80% RED. A very
tough date in the proof series. This example is
nearly full red. Nicer than most found of this
date $2,000.00

Proof Indian Cents

1877 PR-64RB {PS} PCGS 99% RED.

Essentially a full red example. This example
has great mirrors and nearly flawless surfaces .
This puts many PR65‘s to shame! $4,250.00
1877 PR-65RD PCGS A beautiful full red
gem. A highly prized dale with wonderful eye
appeal. Sure to please $12,000.00

1880 PR-65RD {PS} PCGS Simply flawless.

Perfect for a gem type set. .... $1,300.00

1881 PR-64RB {PS} PCGS 60% RED.

Mostly red obverse. A ery attractive example
without any spots or problems $300.00

1882 PR-66BN {PS} PCGS A vivid iridescent

purple beauty , Finding gem coins with Mint
wrapper toning is very tough $1,000.00

1882 PR-65BN {PS} PCGS Orange peel

fields. Slight purple toning $350.00

1883 PR-64RB {PS} PCGS S5% RED.

Nearly full red without any problems , A great
coin for the money. $350.00

1884 PR-66RB {PS} PCGS 90% RED.
Actually it looks full red , but a bit like a deep
gold rather than the typically seen red. Really

outstanding eye appeal $850.00

1884 PR-64RD {PS} NGC An excellent coin
for the grade $600.00

1884 PR-63RB 60% RED. No spots. Lots of

red $175.00

1885 PR-66BN {PS} PCGS Outstanding
deep brown with a tinge of purple toning.

Flawless $500.00

1885 PR-65BN {PS} PCGS Sure, it graded
brown, but this beauty is toned beautiful
magenta on the obverse and violet on the
reverse $450.00

1885 PR-64RB {PS} PCGS 60% RED.

Mostly red obverse $350.00

1886 Type 1 PR-66RB {PS} PCGS 80%
RED. A flawless gem with a very attractive

look $800.00

1886 Type 1 PR-64RD {PS} PCGS A pretty
golden red colored example. Very tough in full

red. >. $950.00

1886 Type 2 PR-65RB NGC 40% RED.
Medium mirrors. Very scarce. Date. $1,650.00

Rick Snow
P.O. Box 65645
Tucson, AZ 85728
(800) 323-2646
rick @ indiancent.com

1886 Type 2 PR-64RD {PS} PCGS An

unheard of coin! Vety rare as only 8 examples
graded with two higher. This example is nearly

gem $5,500.00

1886 Type 2 PR-63RB 25% RED. No spots or

problems. Very tough date $300.00

1887 PR-66BN {PS} PCGS Brown with

beautiful violet toning. An outstanding
example $650.00

1887 PR-64RD NGC A mostly golden red

coin. Very tough as such. One of the toughest
dates in full red. $1,500.00

1888 PR-66BN {PS} PCGS An outstanding
iridescent purple gem. Although graded
Brown, these coins with Mint wrapper toning

are anything but $850.00

1888 PR-64 RD {PS} NGC A spotless beauty .
This coin looks like a gem , and is held back
only by a few hard to locate marks. $2,500.00

1888 PR-64RB {PS} PCGS 50% RED. An
attractive coin with muted red color. $350.00

1889 PR-65RD PCGS A beautiful gem with

outstanding eye appeal $2,500.00

1891 PR-65RB {PS} PCGS 90% RED. This
is a very tough date in full red. It is a true gem
which is so close to full red it makes you think.
$600.00

1891 PR-64RB {PS} NGC 95% RED. Nearly

full red. No problems $300.00

1892 PR-65RB {PS} PCGS 95% RED.
Essentially full red. An extremely eye appeal-
ing gem. You get the full red look without the

full red price $650.00

1892 PR-64RD PCGS Golden red with an

attractive look $450.00

1892 PR-64RB {PS} PCGS 90% RED. There
is really no reason this is not a 65RB. Nearly

full red and nearly gem / $350.00

1892 PR-62RB {PS} PCGS 75% RED. Gold
with some magenta toning. No spots . $150.00
1895 PR-65RB {PS} PCGS 95% RED. An
outstanding example with nearly full red color.

$550.00

1898 PR-64RD PCGS Orange pee! fields.
$475.00

1900 PR-65RB {PS} PCGS 75% RED. An

outstanding example $525.00

1901 PR-64RD PCGS A very choice

example $575.00

1902 PR-65RB {PS} PCGS 50% RED. Full
red obverse mostly brown reverse. ... $500.00

1902 PR-64BN {PS} PCGS A dazzling deep

purple toned beauty . Really gem quality.
$400.00

1903 PR-66RD NGC A very attractive
example with deep mirrors and orange peel

felds $1,600.00

1903 PR-64RB {PS} PCGS 75% RED. Deep
mirrors $300.00

The Flying Eagle and Indian Cent Collectors Society

VARIETY VERIFICATION! !

Why pay exorbitant fees to have the variety attribution of your
coin placed on the holder? ANACS provides this variety verification
service for only $1.00 when you request our grading service.

Simply list the variety number to be verified in the space pro-
vided on the ANACS submission form. The ANACS graders will
verify the attribution, and the variety designation, if correct, it will be
placed on the ANACS Cashe.

Would you like the ANACS staff to determine the variety for
you? For an extensive list of varieties, ANACS will research the
standard references for you and place the correct variety designation
on the holder for just $6 per coin.

Save on Quantity Submissions!

Regular service 10 or more coins $10 per coin.

5 day service 5 or more coins $15 per coin.

2002 Show Dates:

Long Beach, CA

Sep 25-29

Central Florida Show

Oct 4-6

Silver Dollar Show

Oct 16-19

Indiana State Show v

Oct 31 -Nov 2

Suburban Baltimore Show

Nov 7-10

Santa Clara, CA

Nov 21-24

Michigan State Numismatic Assoc. Nov 28 -Dec 1

ANACS

“The Collectors Choice”®

P.O. Box 7173 Dublin, OH 43017
http :// www.anaes.com

1 - 800 - 888-1861

Coins with active PVC are not graded or encapsulated.

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